JamesVitaly

When will ALTSeason end? (is it over already)

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Short answer is no. I've seen BTC.D charts that show bitcoin dominance regaining, and that we are hitting a support line where altcoins will fall. I took some time to look myself and I think we're not there yet. As you can see in the chart we still have a short drop to the hard support line on the btc.d chart, we've also got this huge red ichimoko cloud opening up which in my analysis signals further down drop and should provide a ceiling over the next few (weeks/months?) to stop altcoincs from falling.

This could be the last hurrah for the time being, we've seen some serious consolidation / accumulation over the last week or so, and I believe with the volume dropping off, this is the time when prices can spike hard and fast. Thinking back to previous 2017 bull run, we're at the base of the cliff, just before the 2 week parabolic candles. Some coins have already done this (small cap alt coins) but some of the big names need to come out yet.

I'm talking Litecoin, Stellar, even plenty of room to grow still. I'll be watching ADA as well and Tezos. Tezos in particular seems primed for gigantic growth as it really hasn't popped off just yet.


This is not financial advice, do your own research.

If you like my analysis please hit follow and like.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.